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India:Broadband subscriber base at 463.6 million in August-end: DoT

by AIP Online Bureau | Nov 23, 2018 | Data, Technology

Amid explosive growth in data consumption, India's broadband subscriber numbers touched 463.6 million at the end of August 2018, up 0.74 per over the previous month, according to official data by the Department of Telecom (DoT). The number of broadband subscribers...

IMD develops technology to assess rise of water level in rivers, reservoirs by rain

by AIP Online Bureau | Nov 23, 2018 | Indian News, Technology

  NEW DELHI: A new technology has been developed to assess the rise of water level in rivers and reservoirs by rain and can help state governments to minutely monitor the impact of rainfall, IMD chief K J Ramesh said, in the aftermath of the deadliest deluge in...

ESIC data suggest 16 mn new jobs created in 13 months till Sept: Report

by AIP Online Bureau | Nov 23, 2018 | Data, Pension & Social Security

New Delhi: Employees State Insurance Corporation (ESIC) data suggest that 16 million jobs were created during 13 months period till September, according to CSO data.   Meanwhile, new subscribers joining its health insurance scheme (ESI) dipped 5.2 per cent to...

UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions

by AIP Online Bureau | Nov 23, 2018 | International News, Regulation, Reinsurance, Risk Management

  London: British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit.   With barely four months until...

Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth

by AIP Online Bureau | Nov 23, 2018 | International News

  Trieste: Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which generates most of its revenues in...

IndiGo plane tilts mid-air, airline denies engine issue; probe ordered

by AIP Online Bureau | Nov 22, 2018 | Indian News, Risk Management

New Delhi: Passengers of an IndiGo flight from Hyderabad to Port Blair experienced anxious moments on Tuesday as the A320 neo aircraft tilted mid-air, according to a senior regulatory official.   Aviation regulator DGCA has started a probe into the incident,...

Bharti Axa Life new biz premium jumps 52% to Rs 398 cr in H1

by AIP Online Bureau | Nov 22, 2018 | Indian News

  New Delhi:  Bharti Axa Life Insurance on Thursday reported a 52 percent jump in new business premium at Rs 398 crore in the first half of the current fiscal, against Rs 262 crore in the year-ago period.   The annualised new business premium grew 65...

FPIs pull out $900 mn from Indian market on widening CAD in Sept quarter

by AIP Online Bureau | Nov 22, 2018 | Data

  Continuing their selling spree in the September quarter, foreign investors pulled out $900 million from the Indian equity market on widening current account deficit due to a surge in oil prices and depreciating rupee.   This comes following a net outflow...

IDBI bank yet to take call on exiting IDBI Federal Life Insurance

by AIP Online Bureau | Nov 22, 2018 | Indian News

  Mumbai:  IDBI Bank  is yet to decide about its the next course of action on its stake in IDBI Federal Life Insurance as the Life Insurance Corporation (LIC) is currently in the process of completing the acquisition of the state owned lender.  ...

SCOR announces the creation of SCOR Europe SE

by AIP Online Bureau | Nov 21, 2018 | International News, Reinsurance

  Paris: SCOR announces the creation of SCOR Europe SE, its new Paris-based P&C specialty insurance company, which has been approved by the French supervisory authority, the ACPR (Autorité de Contrôle Prudentiel et de Résolution). This...
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